A California state panel on Friday declined a request from Elon Musk’s SpaceX for $655,500 in state job and training funds, mentioning the chief executive’s recent threats to shift Tesla, the electric automaker that he also runs, out of the state. The rebuff comes as Musk has sparred with officials in Alameda County because of […]
Tesla
Tesla, California county reach deal to resume plant next week
Tesla Inc and officials in California have resolved their conflict over safety procedures at the automaker’s only U.S. assembly plant with a deal that permits production to restart as early as Monday, county officials stated. The county said the automaker could take extra steps ahead of next week after CEO Elon Musk had pledged to […]
Dispute over resuming Tesla’s California factory may be ending
It seems that the dispute between Tesla and San Francisco Bay Area officials over the restarting of a factory in the face of shutdown orders is close to an end. The Alameda County Public Health Department wrote on Twitter early Wednesday that the Fremont, California, plant will be able to go beyond general operations this […]
Trump wants California to allow Tesla reopen assembly plant
U.S. President Donald Trump on Tuesday asked that electric automaker Tesla Inc should be allowed to resume its electric vehicle assembly plant in California, joining the automaker’s CEO Elon Musk’s bid to defy county officials that have ordered the plant to remain closed. “California should let Tesla & @elonmusk open the plant, NOW. It can […]
Elon Musk says ready for arrest as the plant reopens in California
Tesla Chief Executive Elon Musk on Monday stated production was restarting at the automaker’s only U.S. vehicle factory, in California, defying an order to stay closed and adding that if anyone had to be arrested it should be him. The move comes as states and cities around the country find ways to safely resume their […]
Tesla Model 3 sales in China dropped 64% in April despite market recovery
Sales of Tesla’s Model 3 sedan in China dropped more than 64% in April compared with the previous month, regardless of a recovery in the electric car market, according to data from China Passenger Car Assication (CPCA) released on Monday. Tesla sold 3,635 Model 3 cars in April — dropping 10,160 in March, CPCA said. That decline […]
Tesla files lawsuit against California county over plant shutdown
Tesla remains opposed to Alameda County’s lockdown as it affects its facility Tesla has filed a federal lawsuit Saturday against Alameda County in California challenging its shutdown of the company’s main factory as a part of lockdown implemented for controlling the spread of the coronavirus. The lawsuit seeks to overturn the county’s May 4 health […]
Tesla secures $565 million loan for Shanghai factory
Electric automaker Tesla Inc has reached an agreement for a working capital loan of up to 4 billion yuan ($565.51 million) with a lender from China for its Shanghai auto plant, a regulatory filing showed on Friday. The loan, which will be given by Industrial and Commercial Bank of China Limited, will be used only for expenses related […]
Tesla reportedly halts car production at Chinese plant
Tesla has halted production this week at its factory near Shanghai, Bloomberg reported. Factory workers were supposed to get back from a five-day Labor Day break on Wednesday, but were told to increase the holiday and return as soon as Saturday, Bloomberg reported, mentioning unnamed sources. The company informed Bloomberg that its Shanghai factory is closed due […]
Tesla’s market value falls significantly after controversial tweet by Elon Musk
A sort of bloodbath has been observed for Tesla stock as billions of dollars were just got wiped off after its CEO Elon Musk tweeted that the automaker’s stock was “too high”. Tesla stock declined over 10 percent and its valuation declined by almost $9 billion after Musk’s tweets in reminiscence of his controversial tweets in August 2018 when […]
Tesla cuts cost for China-made Model 3 by 10% to qualify for subsidies
U.S. electric automaker Tesla Inc stated on Friday it has cut the starting price for China-made Model 3 sedans by 10% to become eligible for subsidies in China. Tesla started making deliveries of cars from its $2 billion Shanghai auto plant in December. The automaker said it has cut the starting price for its Standard […]
Tesla posts its third quarterly profit, Elon Musk calls lockdowns ‘fascist’
Tesla Inc’s CEO Elon Musk on Wednesday called sweeping U.S. stay-at-home restrictions imposed for reducing the spread of the coronavirus outbreak as “fascist” as the electric automaker posted its third quarterly profit in a row. These comments might have overshadowed an otherwise successful quarter that took many investors by surprise as automaker’s rivals have been […]
Tesla cancels plans to bring workers back to the US plant for now
Tesla has reversed course and canceled requests to bring employees back to production lines in Fremont, California, this week. According to CNBC, Tesla asked dozens of furloughed workers last Friday, and during the weekend, to return on Wednesday, April 29 to resume production in Fremont. According to the new sent Monday and distributed on some internal […]
Tesla asks employees to resume production at Fremont plant despite coronavirus
Tesla management has asked dozens of workers to get back to work on Wednesday April 29th in order to restart production at the company’s Fremont, California car plant, according to a CNBC report. The call for at least some workers to return to work full shifts took place even when local health orders require the automaker to […]
Tesla’s ventilators attract controversy after hospitals say they are not ventilators
Contrary to Tesla CEO and Founder Elon Musk’s claim the company had delivered more than 1,000 ventilators to hospitals in California to help treat COVID-19 coronavirus patients, some of these facilities informed that what they received were not really the highly sought-after machines. Musk showed a list of hospitals to which the company sent the “ventilators”. But four of the […]
